---
title: "7 Lexington Avenue #5E, New York, NY 10010"
description: "7 Lexington Avenue #5E, New York, NY 10010 — NYC real estate listing on Real Estate Rebate Team. Priced at $675,000. Est. potential buyer savings up to $16,875 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-e-5E-ny-10010"
source: "Real Estate Rebate Team"
---

# 7 Lexington Avenue #5E, New York, NY 10010

> **Listing Courtesy of:** Compass

## Description

Investor-Friendly Gramercy Opportunity – Immediate Subletting Permitted

Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy.

Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential.

This well-proportioned studio features soaring beamed ceilings, hardwood floors, and a thoughtfully designed raised platform that maximizes functionality—ideal for efficient living and strong rental appeal. The kitchen is outfitted with stainless steel appliances, granite countertops, and slate flooring, while the layout includes three closets and a separate dressing area, a rare and valuable feature for tenants.

Gramercy Park continues to be one of Manhattan’s most sought-after rental markets, driven by its central location, charming streets, and proximity to top dining, shopping, and multiple subway lines—ensuring consistent tenant demand and long-term value stability.

Residents of Park Gramercy enjoy full-service amenities including a 24-hour doorman, landscaped roof deck, bike storage, and additional storage, enhancing both tenant experience and rental competitiveness.

Whether you’re building a portfolio or securing a flexible pied-à-terre with income potential, Residence 5E presents a compelling opportunity in a location that consistently performs.

## Property Details

- **Price**: $675,000
- **Potential Buyer Rebate**: $16,875
- **Bedrooms**: 0
- **Bathrooms**: 1
- **Property Type**: Residential
- **Year Built**: 1951
- **Neighbourhood**: Gramercy Park
- **Area / Borough**: Manhattan
- **Subdivision**: Gramercy Park
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$16,875** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/gramercy-park)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.